World Bank

More resilient school buildings for 9,000 Tongan students

The funding will extend the Pacific Resilience Program’s support to the government of Tonga in delivering early warning systems, resilient investments, and financial protection against natural disasters.

Further, five more years of disaster risk financing insurance premiums will be paid for under the Pacific Catastrophe Risk Assessment and Finance Initiative (PCRAFI) disaster risk finance and insurance program, which rapidly paid out US$3.5 million in emergency funds to the government of Tonga, following severe Tropical Cyclone Gita.

Tuvalu's international airport to be upgraded

The money would go towards repairs of the runway at Funafuti Airport, which was being damaged by water infiltration exacerbated by tidal and sea level impacts.

Several trial design solutions for the problem would be tried during this cyclone season.

The World Bank's Pacific country director, Michael Kerf, said it was imperative that Tuvalu's only international airport continues to function safely.

He said the project would help Tuvalu be resilient from the impacts of climate change.

World Bank optimistic about Pacific growth

The document, 'Pacific Possible', has been launched at the Pacific Islands Forum in Samoa.

The Bank said the document had been three years in the making, and was the culmination of extensive consultations with Pacific Island and Pacific Rim governments, non-governmental organisations, academics and individuals across the region.

It has identified tourism, fisheries, the knowledge economy and labour mobility as key areas offering opportunities.

The report also mentions deep sea mining, yet advises caution.

World Bank to establish regional office in Suva

Fiji welcomed this opportunity during the signing of the World Bank establishment agreement at the Prime Minister’s office Wednesday.

Prime Minister Voreqe Bainimarama says Fiji is honoured to host the World Bank group.

Bainimarama says Fiji’s relationship with the World Bank is growing and its presence at home will benefit not only Fiji but neighbouring countries.

World Bank looking into missing cyclone money in Tonga

The Prime Minister Akilisi Pohiva ordered an investigation into the funds which were meant to go towards the rebuilding of homes on Ha'apai.

The island group was hit hard by Cyclone Ian in 2014, leaving thousands homeless, but the reconstruction effort had been plagued with delays and 75 homes still need to be rebuilt.

The World Bank had been assisting with the rebuild.

The bank's Tatafu Moeaki said it wants to make sure the government investigation was done correctly.

World Bank tries to make Pacific solar power decisions easier

At a regional energy summit in Samoa, the World Bank said it was detailing the potential for its online solar atlas, which gives interested parties the means to find where solar power potential is most concentrated.

10 minutes reading a book with a child makes a lifetime of difference

The campaign, Laukonga Mo e Fanau (Read with your child in Tongan) aims to tackle the issue of many children not having enough nurturing, early childhood experiences such as reading together with their loved ones and as a result, arrive at school unprepared to take on the challenges of a new environment.

The issue was identified in a recent World Bank-led study as one of the key barriers to children’s development and success at school.

World Bank to almost triple support to Pacific by 2019

The International Development Association, the bank's fund for the world's most in need countries, spent $US360 million in the Pacific in 2015 and this will increase this to $US900 million next year.

World Bank vice president for East Asia and the Pacific, Victoria Kwakwa announced the increase during a visit to Vanuatu over the weekend.

Ms Kwakwa says the bank’s entire Pacific island partners will benefit from the increase.

Framework will protect financial consumers

Financial consumer protection ‘involves laws, regulations and institutional arrangements that safeguard consumers in the financial marketplace’, as defined by the World Bank.

According to the Second National Financial Inclusion Strategy 2016 – 2020, the Bank of Papua New Guinea will be taking the lead in developing the framework.

Development of the framework will focus on three areas. They are: Regulatory; Financial Service Providers; and Consumers.

Fisheries and Agricultural Sector to Receive Top$26 Million from World Bank

It is part of the national development plan of the agricultural and fisheries sectors.

Speaking in a Radio and Televised program, Minister of Agriculture, Food, Forestry and Fisheries Hon. Semisi Fakahau said, this is part of the development plan of both sectors for next year.

Tonga has submitted their plans to the World Bank with the purpose to ensure food security in Tonga in agriculture and fisheries.

World Bank was assisting Tonga in writing our proposals for the development plan.